Presentation

ASX: CYS February 2014

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Chrysalis Resources – company outline

• Listed on ASX May 2008 with Western Australian Au, Fe, U, base metal tenements

• June 2012 acquired 5 quality Cu and Cu-Au licences covering >3000km2 in Zambia

• Advanced exploration at Shikila Project (15km along strike of Kansanshi Cu-Au Mine)

including the Wangolo deposit JORC inferred resource (18.6 Mt @ 0.52% Cu**)

• Promising first pass geochem at Kabwima, Bulala Hills and Mwongo (25km from Blackthorn’s Kitumba resource - 187 Mt @ 1.14% Cu)

• >1000km2 of Au, Fe and base metal exploration licences in Western Australia

• Experienced exploration team (4 geos: 73 years combined exploration/mining)

• Strong financial support by 2 major shareholders - Tiger Resources (19.9%) and Eagle Brilliant Holding Limited (25%)

• Tight capital structure - top 100 shareholders own 91%

• A$1.9M cash as at 31st December 2013

** This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.

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Board of Directors

› Dr Neale Fong, MBBS Dip CS MTS MBA FAICD FACHSM (Hon), Non-Executive Chairman

› Mr Michael Griffiths, B.Sc, DipEd, FAusIMM, GAICD, Non-Exec. Director

› Mr Jian Hua Sang, B.Sc, M.Sc, Non-Executive Director

› Ms Michelle Wang, M.Com, B.Sc, CPA, Executive Director

corporate summary

Capital Structure

Issued Shares 228,989,419

Share Price $0.035 (30th Jan 2014)

Market Capitalisation $8.0 million

No. of Share Holders 562 (30th Jan 2014)

Majority Shareholders EBH Tiger Resources Ltd (ASX:TGS) Directors Top 20 (ungrouped) Top 100 (ungrouped)

25.00% 19.90% 2.90% 72.20% 91.44%

Chrysalis Resources 12 Month Share Price Chart

Key Personnel

› Mr Leigh Ryan, B.Sc, MAIG, Chief Executive Officer

› Mr Kevin Hart, B.Com, FCA, Company Secretary

› Jeremy Hawksworth, B.Sc (Hons), B.Com, Exploration Manager

3 Lusaka Exploration Office

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project portfolio

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Zambia

• Zambia: the world’s 7th largest producer of copper*

• 90 year history of copper and cobalt production*

• >1Bt @ 2.7% Cu already extracted from the Copperbelt*

• Zambian GDP 7.7% in 2012 up from 5.7% in 2008**

• Stable democratic government

• Good infrastructure

• Online tenement information system

• 30 day business visa available on arrival

* (ref. Zambia Mining Sector Profile, June 2013 – Zambia Development Agency)

** (ref. Global Finance Website)

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strategic licences in Zambia

o Chrysalis owns 5 highly prospective, large scale prospecting licences in Zambia, covering 3,023 km2

o Northern licences adjacent to Barrick Gold’s Lumwana Mine and First Quantum’s Kansanshi copper mines

o Southern licences: Mwongo adjacent to Blackthorn's Kitumba deposit, Bulala along strike of Luiri Gold’s Dunrobin gold deposit

o All licences 99.9% owned by Chrysalis Resources Limited with extensions to mid-2016 approved

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Zambian copperbelt / Lufilian arc

Major Mineral Deposits near Chrysalis Licences

LUMWANA (Equinox Minerals , Oct 2012) 900mt @ 0.7% Cu

KANSANSHI (First Quantum, Jan 2013) 758mt @ 0.77% Cu, 0.13 g/t Au

KIPUSHI (Mbendi Profile) 26mt @ 2.18% Cu, 19.0% Zn

NAMA (Caledonian Mining, April 2007) 122mt @ 0.047% Co, 0.043% Cu

KABWE (Berkley, Nov 2012 – non JORC) 51mt @ 3.12% Zn, 0.89% Pb

KITUMBA (Blackthorn Resources, 2012) 258mt @ 0.6% Cu incl. 187 Mt @ 1.14% Cu

DUNROBIN (Luiri Gold, Nov 2012) 2.8mt @ 2.15 g/t Au (200Koz)

MKUSHI (African Eagle, Feb 2008) 10.7mt @ 1.11% Cu

CHEOWA (Zambezi Resources, July 2008) 3.5mt @ 1.10% Cu, 0.23 g/t Au

KIPOI (Tiger Resources, Feb 2013) 49.6mt @ 1.7% Cu

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Shikila aeromagnetics

o Same sedimentary group as Kansanshi

(i.e. Lower Kundelungu Group)

o Similar magnetic signatures to Kansanshi

(i.e. intrusion related “domes”) 8

oGeophysical data swap with First Quantum completed

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Wangolo resource intercepts

Selected RC drilling intercepts (0.2% lower cut, max 2m internal waste, no upper cut)

Hole ID From Intersection

SHWARC003 41 4.0m @ 1.46% Cu

SHWARC007 132 3.0m @ 1.24% Cu

SHWARC007 140 23.0m @ 0.78% Cu

SHWARC008 123 3.0m @ 1.71% Cu

SHWARC009 130 8.0m @ 1.39% Cu

SHWARC009 151 22.0m @ 1.06% Cu

SHWARC011 121 3.0m @ 1.08% Cu

Selected diamond drilling intercepts (0.2% lower cut, max 2m internal waste, no upper cut)

Hole ID From Intersection

SHWADD001 68.0 4.0m @ 1.21% Cu

SHWADD002 117.0 4.5m @ 1.39% Cu

SHWADD005 193.9 3.0m @ 1.21% Cu

SHWADD005 199.0 10.0m @ 0.73% Cu

SHWADD005 213.0 13m @ 0.74% Cu

SHWADD005 226.9 6.6m @ 0.63% Cu

SHWADD005 242.5 3.0m @ 1.1% Cu

SHWADD006 213.0 1.5m @ 1.1% Cu

SHWADD006 231.3 5.3m @ 1.06% Cu

SHWADD006 242.0 3.3m @ 1.03% Cu

SHWADD006 253.8 10.5m @ 0.65% Cu

SHWADD008 130.0 2.0m @ 1.52% Cu

SHWADD008 166.0 14.5m @ 0.58% Cu

Wangolo JORC inferred resource: 18.6 Mt @ 0.52% Cu (0.3% Cu cut-off) Refer to CYS ASX release dated 20 August 2013; compliant with the 2004 JORC Code

9 Shikila Exploration Camp

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Wangolo plan and drill sections

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Shikila exploration

oCu-in-soil anomalism over intrusives and along northern contact of Kundelungu shales.

oBreaks in 24km long Cu-in-soil anomalism related to drainage.

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Cu-in-soil image

Aeromagnetic image

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Shikila RC drilling – 26 RC holes for 2,145m

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Cu-in-soil image

Best Cu intercepts include: 2m @ 0.19% Cu from 112m (SHRC012) 3m @ 0.12% Cu from 39m (SHRC015) 2m @ 0.12% Cu from 35m (SHRC019) 7m @ 0.10% Cu from 11m (SHRC024)

(refer to CYS ASX release 3 January 2014 - the company is not aware of any new

information or data that materially affects the information in the relevant announcement)

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o 46 kilometres SE of Kansanshi

o Soil sampling to date focussed on historic Cu-in-stream sediment anomalies and aeromagnetic structural targets

o Regional wide spaced soil sampling (low level 48 element analysis) planned

Soil Sampling Results

Kabwima exploration

13 Aeromagnetic image

Refer CYS ASX release 2 Dec 2013

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o Blackthorn’s Kitumba deposit located just 25km to the SW

o Anomalous Cu-in-stream sediments (>850ppm Cu)

o Bullseye magnetic anomalies possible late stage intrusions similar to Kitumba deposit

oWide spaced 1st pass soil sampling (low level Au + 48 element analysis) underway

Soil Sampling Progress

Mwongo

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Aeromagnetic image

Refer CYS ASX release 28 Nov 2013

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Bulala Hills o 35km along strike to the SW of Dunrobin the gold deposit (200Koz).

o Volcanic rocks hosting the Mwembishi shear zone and splays.

o Anomalous Cu, Co, Pb, Zn and Ni identified in wide spaced soil and rock chip sampling – no gold analysis to date.

o 3.11% & 3.07% Cu in rock chip samples and massive hematite sub-crop associated with soil anomalism.

o Regional and infill soil sampling and rock chip sampling planned.

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Aeromagnetic image

Refer CYS ASX release 2 Dec 2013

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proposed future work

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copper market

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o Copper has maintained elevated prices over a long period

o Warehouse levels are currently declining

o 2013 demand growth forecast = 4.3%

5 Year Warehouse Levels

5 Year Copper Price 1 Year Copper Price

1 Year Warehouse Levels

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corporate and social responsibility

18 Shikila medical clinic ZACTS bridge Shikila primary school

oMajor sponsor to the Lusaka University Teaching Hospital’s Malnutrition Ward (refurbishment and ongoing support).

oShikila medical clinic refurbishment, solar power installation, solar vaccination fridge purchase, water pump repairs all completed.

oShikila primary school consumables and sporting equipment (ongoing).

oZACTS bridge repairs (main access to Shikila)

oGrid power connection to Mwongo Secondary School and medical clinic.

oMwongo medical clinic motorbike purchase

UTH Malnutrition Ward

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Australian assets

Gregory Range (Cu-Pb-Zn)

Pioneer (Au)

West Angelas (Fe)

Horseshoe South (Cu-Au)

Halloween West JV (Cu-Au)

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o1079km2 of Fe, Cu-Au and base metal exploration ground in Aust.

oHalloween West JV: 20km west of DeGrussa Mine, soil sampling underway (CYS 40%)

oWest Angelas: up to 28m @ 55.5% Fe in RC drilling – Term Sheet negotiated, JV agreement pending

oPioneer: up to 21m @ 4.80g/t Au from 49m at Spongelite prospect – evaluation underway

oGregory Range: 933km2 recently granted with excellent potential for Nifty (Cu) and Baton (Cu-Pb-Zn) styles of mineralisation – data compilation planned

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summary

• Five high quality copper / gold licences covering >3000km2 in Zambia

• Advanced exploration at the Shikila Project (including Wangolo JORC resource)

• Promising geochem and structures at Kabwima, Bulala Hills and Mwongo Projects

• >1000km2 of Au, Fe and base metal exploration licences in Western Australia

• Very experienced exploration team

• Tight capital structure - top 100 shareholders own 91%

• Well funded with strong financial support from Tiger Resources and EBH

• Good investment opportunity

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disclaimer This document has been prepared by Chrysalis Resources Ltd (“Chrysalis” or “the Company”) to provide an update of the Company to investors and potential new shareholders. This presentation should be read in conjunction with other public announcements and reports (including financial reports and disclosure documents) released by Chrysalis. Any statements, opinions, projections, forecasts or other material contained in this document do not constitute any commitments, representations or warranties by Chrysalis and associated entities or its directors, agents and employees. Except as required by law, and only to the extent so required, directors, agents and employees of Chrysalis shall in no way be liable to any person or body for any loss, claim, demand, damages, costs or expenses of whatsoever nature arising in any way out of, or in connection with, the information contained in the document.

This document includes certain statements, opinions, projections, forecasts and other material, which reflect various assumptions. The assumptions may or may not prove to be correct. Recipients of the document must make their own independent investigations, consideration and evaluation of the opportunity to invest in the Company. By accepting this document the recipient agrees that if it proceeds further with its investigations, consideration or evaluation of the opportunity to invest in the Company it shall make and rely solely upon its own investigations and inquiries and will not in any way rely upon the document.

Competent Person Statements

Competent person statements for exploration results and mineral resources included in this presentation were previously reported under the 2004 JORC code. This information has not been updated to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.

The information in this presentation that relates to exploration results is based on information compiled by Mr Leigh Ryan, CEO employed by Chrysalis, who is a Member of the Australian Institute of Geoscientists (AIG). Mr Ryan participates in the company’s Employee Share Plan. Mr Ryan has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Ryan consents to the inclusion in the report of the matters based on information in the form and context in which it appears.

The Information in this presentation that relates to mineral resources at Wangolo is based on resource estimates compiled by Mr Michael Andrew, who is a member of the Australian Institute of Geoscientists (AIG) and The Australasian Institute of Mining and Metallurgy (AusIMM). At the time of estimation Mr Andrew was a full time employee of Optiro Pty Ltd. Mr Andrew has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the “JORC Code”) and to qualify as a “Qualified Person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr Andrew consents to the inclusion in this presentation of the matters based on their information in the form and context in which it appears.

Chrysalis Resources Limited

ABN 56 125 931 964

Unit 2, Level 1 Churchill Court

331-335 Hay Street

Subiaco WA 6008

T: (08) 9380 4430 F (08) 9481 5044

W: www.chrysalisresources.com.au

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